My parents have passed. What do we do with their home?
When parents pass away, their children or heirs are often left with the family home but aren’t sure how to sell the property. Though the actual ownership of their parent’s home will be determined by whether they had a will (𝑡𝑒𝑠𝑡𝑎𝑡𝑒 𝑠𝑢𝑐𝑐𝑒𝑠𝑠𝑖𝑜𝑛) or not (𝑖𝑛𝑡𝑒𝑠𝑡𝑎𝑡𝑒 𝑠𝑢𝑐𝑐𝑒𝑠𝑠𝑖𝑜𝑛), the home succession process for the descendants or heirs to take possession of the home & sell the property is similar.
For the heirs to be able to sell the property, the estate must go through succession. Even if the deceased parent left a will, a succession proceeding must take place to probate the will and place the heirs into possession. Until a succession is opened, the heirs cannot legally transfer the property.
Though there are different ways to sell the home during the home succession process, the key takeaway is that some form of a succession proceeding will have to be initiated for the heirs to move forward with selling the home. At State Title, we have an in-house law firm that helps guide our clients through this process in an efficient and timely manner. If you have questions or are unsure of which steps to take, please contact us, and we’ll be happy to help.